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Albany Mutual Telephone Foundation is a private corporation based in ALBANY, MN. The foundation received its IRS ruling in 2009. It holds total assets of $3.5M. Annual income is reported at $1.1M. Total assets have grown from $2.7M in 2011 to $3.4M in 2023. The foundation is governed by 7 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Minnesota. According to available records, Albany Mutual Telephone Foundation has made 23 grants totaling $371K, with a median grant of $14K. The foundation has distributed between $178K and $193K annually from 2021 to 2022. Individual grants have ranged from $1K to $40K, with an average award of $16K. The foundation has supported 20 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$19K
Largest Grant
$77K
Based on 8 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Albany Mutual Telephone Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in MN.
Albany Mutual Telephone Foundation has distributed a total of $371K across 23 grants. The median grant size is $14K, with an average of $16K. Individual grants have ranged from $1K to $40K.
501(c)(3) organizations; government agencies; churches; individual grants for travel, study or similar purposes; disaster relief or individual economic relief as described in treasury regulations section 1.170a-4a.
Albany Mutual Telephone Foundation is headquartered in ALBANY, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Daniel Tomsche | PRESIDENT | $0 | $0 | N/A |
| Joseph Hennen | VICE PRESIDENT | $0 | $0 | N/A |
| James Kastanek | SECRETARY/TREASURER | $0 | $0 | N/A |
| James Beuning | DIRECTOR | $0 | $0 | N/A |
| Steven Klaphake | DIRECTOR | $0 | $0 | N/A |
| Joseph Peternell | DIRECTOR | $0 | $0 | N/A |
| Gary Winkels | DIRECTOR | $0 | $0 | N/A |
Total Giving
$165K
Total Assets
$3.4M
Fair Market Value
$3.4M
Net Worth
$3.4M
Grants Paid
$145K
Contributions
$35K
Net Investment Income
$127K
Distribution Amount
$157K
Total: $3M
Total Grants
23
Total Giving
$371K
Average Grant
$16K
Median Grant
$14K
Unique Recipients
20
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Freeport Fire DepartmentRESCUE VEHICLE | Freeport, MN | $40K | 2022 |
| Albany Golf CourseCLUBHOUSE HANDICAP ACCESSIBLE | Albany, MN | $35K | 2022 |
| Holy Family SchoolUPDATES AND RENOVATIONS OF EXISTING BUILDING | Albany, MN | $33K | 2022 |
| Albany Sportsmans ClubREPAIRS AND RENOVATIONS | Albany, MN | $15K | 2022 |
| Mother Of Mercy FoundationUPDATE MEDIA TECHNOLOGY | Albany, MN | $10K | 2022 |
| New Munich Veteran'S MemorialVETERANS MONUMENT | New Munich, MN | $10K | 2022 |
| St Anthony ChurchREPAIRS AND RENOVATIONS | Albany, MN | $10K | 2022 |
| Albany Area Gymnastics AssociationNEW BUILDING | Albany, MN | $10K | 2022 |
| Albany Chamber Of CommerceENHANCE ELECTRICTY | Albany, MN | $5K | 2022 |
| City Of Albany - Park BoardPICKLE BALL COURTS | Albany, MN | $5K | 2022 |
| Albany Area Community Senior CenterBUILDING REPAIRS AND RENOVATIONS | Albany, MN | $5K | 2022 |
| Albany Fire DepartmentREPLACE FRONT LINE ENGINE | Albany, MN | $29K | 2021 |
| Stearns County Pioneer ClubTECHNICAL ASSISTANCE | Albany, MN | $25K | 2021 |
| Freeport Community CenterBUILDING REPAIRS | Freeport, MN | $25K | 2021 |
| Immanuel Lutheran ChurchREPAIRS | Albany, MN | $19K | 2021 |
| Albany Police DepartmentBODY CAMERAS | Albany, MN | $15K | 2021 |
| Seven Dolors Catholic ChurchGATOR & TRAILER AND TECHNOLOGY UPDATES | Albany, MN | $14K | 2021 |
| Church Of The Sacred HeartREPAIRS AND RENOVATIONS | Freeport, MN | $10K | 2021 |
| St Anthonys ChurchREPAIRS TO STRUCTURE | Albany, MN | $5K | 2021 |
| Albany Area Education FoundationFOUNDING DONOR DRIVE | Little Falls, MN | $1K | 2021 |